Government amends Duty Drawback Rules to recognise electronic entries for postal exports, easing compliance and claim timelines for exporters.
CBDT grants income tax exemption under Section 10(46) to West Bengal Construction Workers Welfare Board with retrospective effect from FY22.
FY27 Budget is unlikely to amend income tax law, with CBDT rules expected to shape taxpayer rights, compliance burden and the new tax regime.
STT collections are under pressure as F&O regulatory tightening and lower trading volumes raise the risk of missing Budget estimates this fiscal.
Ahead of Budget 2026, the Capital Gains Account Scheme faces renewed scrutiny over digital gaps, manual reporting and lack of integration with tax systems.
In a crucial tax ruling, the Supreme Court has held Tiger Global liable for capital gains tax on its Flipkart stake sale to Walmart.
CGST Delhi South Commissionerate arrested two persons for fraudulent availment of Rs 8.52 crore ITC using bogus invoices worth Rs 199.90 crore.
MCA’s fast-track demergers face tax hurdles as Income Tax Act denies neutrality, exposing firms and shareholders to higher tax and pushing restructurings back to NCLT.
Ahead of Budget 2026-27, NBFCs seek a refinancing window, lower SARFAESI threshold, removal of 10% TDS on interest income and MSME credit support.
Ahead of Budget 2026-27, FICCI urges faster tax appeal resolution, rationalised TDS rates, clarity for global manufacturers, buyback tax fixes and smoother customs processes.
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